The 1% or 2% rule applies to when you're doing a quick evaluation to see if BUYING a property for an investment makes it worthwhile.

Any help, support or guidance would be very much appreciated.

Two: I feel as though I should be running the numbers like the 70% rule starting from their listed price...

Please support this incorrect statement.

However, I think I could simply rent out the other two rooms for about 600-650 a month to individual renters, so while the property isn't hitting the 1% rule, it does seem to make sense from a house hacking perspective.

I think there is an unsaid rule about accepting like applicants in a 'first come first serve' basis, but this only for applicants which are exactly similar and it really is just a guideline not really a law or rule.

There are pockets in Greenville that could experience good rent and property value appreciation to compensate for the poor ROI on your existing house as a rental but you have to be in one of those pockets (downtown, etc.) and this strategy should be intentional and data supported rather than accidental.  

Any stone you turn will find a gem under it.We're located here in Roseville and would be glad to support your needs and lend a helping hand if needed.Good luck,Randy

What rules govern my behavior as a borrower/business?

Hi @Alex Hamilton.We don't have phone support.